£5,000,000 LOAN OF 1910: LOAN AGENTS' ACCOUNT [In continuation of B.-18e, 1912.]

Appendix to the Journals of the House of Representatives, 1912 Session I, B-18g

B.—lBo,

Session I. 1912. NEW ZEALAND.

£5,000,000 LOAN OF 1910: LOAN AGENTS' ACCOUNT [In continuation of B.-18e, 1912.]

Latd on the Table by Leave of the House.

2

B.—lBg

Loan Agents' Account, £5,000,000 Loan. The Loan Agents appointed under the Naval Defence Act, 1909, the New Zealand State-guaranteed Advances Act, 1909, the Amendment Act, 1910, the Aid to Public Works and Land Settlement Act, 1910, and the New Zealand Loans Act, 1908, in Account with the Government of New Zealand.

Wμ. Hall-Jones, G. Wbay Palliskk, Loan Agents

AppriKcmatr Cost of Paper—Preparation, aot given : printing (1,400 eopiee), £1 15a

London, 7fch December, 1911

By Authority : JoHH Mackay, Government Printer, Wellington.— 1918.

Piite M.\

1910, Nov. 17, to 1911, April 12 12 Dr. To Cash received from Bank of England for £5,000,000, 3J per cent., four-year convertible debentures allotted at £98 10s. per cent. £ s. d. 4,925,000 0 0 1910, Nov. 18, . to 1911, Dec. 7 April 12 Cr. £ a. d. i £ s. d. , By Gash paid to Public Account in respect to sale of debentures as per attached statement .. .. ; 4,813,675 15 9 Gash received from Bank of England for £5,000,000, 3J per cent , four-year convertible debentures allotted at £98 10s. per cent. : Interest on overdue allotments A 10 0 6 Nov. 29 2 Gash paid to Public Account in respect to proceeds of sale of £50,000 3J-per-cent. stock .. .. 48,749 0 0 3 Cash paid to Public Account in respect to'proceeds of sale of £142,000 3$-per-eent. stock' .. 138,27110 0 Amount due to Conversion Account —Proceeds of sale of £713 4s. 65. of above stock .. .. 696 5 9 „ 12 Messrs. J. and A. Scrimgeour —Proceeds of sale of £50,000 3J-per-cent. stock at £97 15s. per cent. Messrs. J. and A. Scrimgeour —Proceeds of sale of £142,000 3Jper-cent. stock at £97 12s. 6d. percent. .. .. .. .. £138,627 10 0 Less £713 4s. 6d. stock for Conversion Account at £97 12s. 6d. per cent .. 696 5 9 Nov. 29 48,875 0 0 1 137,575 4 8 j I 137,931 4 3 1910, Nov., to 1911, April Payments made by Bank of England as per Account I 5,000,000 0 0 attached— i By Bank of England —Charge for issuing loan, j per cent. .. .. .. .. .. J 12,500 0 0 Discounts allowed on prepayments in full .. | 16,886 6 10 Commission to brokers and others — viz., J per cent, on £4,870,600 .. .. ..112,176 10 0 Advertising .. .. .. .. .. 853 4 11 Engraving and printing debentures .. .. 69 14 3 Stamp duty on debentures ... .. .. 4,593 12 6 Stamps on allotment, letters, [scrip, postages, &c.. 65 17 4 _ ! 47,145 5 10 k 1910. Nov. 26 Dec. 6 1911. Jan. 30 Feb. 11 March 4 May 9 Vouoner. Payments made by Loan Agents — No. i; By J. and A. Scrimgeour —Underwriters' commission on £5,000,000, 1 per cent. : .. 1 50,000 0 0 5 i J/and A. Scrimgeour — J per cent, commission obtaining underwriting .. "'.. 2 12,500 0 0 ) G.' Street and Co. (Limited) — Advertising and issuing prospectuses, &c. .. .. 3 235 2 6 L A. S. Wilson and Co. —Printing prospectuses, &c... .. .. .. 4 42 8 6 1 Mackrell, Maton, and Co. —Law charges .. 5 103 5 0 ) Bank of England— Stamp duty on £50,000 3J-per-cent. stock .. .. .. 6 j 312 10 0 ! J. and A. Scrimgeour —Brokerage and stamp on sale of £50,000 stock .. .. 7 j 126 0 0 ) J. and A. Scrimgeour —Brokerage and stamp on sale of £141,286 15s. 6d. stock .. 8 1 354 4 3 L Bank of England— Stamp duty on £141,286 15s. 6d. 3£-per-cent. stock' .. .. 9 | 883 0 10 I Public Account —Cost of cablegrams (say) .. 10 ! 114 7 10 i ■ j 64,670 18 11 April 12 I Nov. 29 Dec. 4 4 ' £5,111,816 i 9 £5,111,816 4 9